Hua Jiang Profile Picture Individual Investor

Hua Jiang

MBAC

The model analyzes a company’s management, business quality, assets and competitive position (MBAC) in order to identify and measure intrinsic value of an industry or stock.
This model focuses on the technology sector, both in information technology as well as healthcare using a fundamental approach.  This approach is meant to identify and analyze intrinsic value of a stock and identify gaps between intrinsic value and market price.

The model analyzes a company’s management, business quality, assets and competitive position (MBAC) in order to identify and measure intrinsic value of an industry or stock.
The research methodology is based on:

- Identifying a technology that is driving an industry.
- Creating standard economic characteristics such as dominance, competition, demand, expansion to track industries.
- Building a computing analytic database model to analyze the relationship between the technology and the economic characteristics.
- Modeling the earning power based on the relationship between the economic characteristics and the technology.

Data sources include:

- The North American Industry Classification System
- Pricing information from The New York Stock Exchange and the National Association of Securities Dealers Automated Quotations
- Financial statements.
- Other public resources from the Internet.
Allocation rules are as follows:

- Hold up to five stocks
- Approximately evenly hold the stocks in the portfolio
- Rebalance portfolio based on values from the overvalued ones to the undervalued ones
The model will sell stocks and/or rebalance based on the following rules:

- The prices are overvalued for stocks
- The conditions and facts that the MBAC analysis uses for stocks and companies change
- Mistakes are found in a buying decision process for stocks
None.

Risk rating

5
Leverage: 1.08
33.1%

Best 30 days

-33.4%

Worst 30 days

Performance

  • -0.9%
    30 day
  • 20.4%
    365 days
  • 0.2%
    Since Inception
    June 01, 2010
Monthly vs S&P500
Sparkbar Graph, MBAC Investment Model Performance versus S&P500
41.1%

Last 12 months

  • $25,000.00 subscription min
  • Margin account required
  • 1.1% fee

Replicability

107.8%
0.0%
107.8%
-7.8%
100.0%
  • Leverage
  • Non-replicable
  • Holdings
  • Cash
  • Replicable

Top 5 Holdings View all

107.8%
  • GLW

Performance detail

  • Manager
  • Nasdaq 100
  • S&P 500
30D 90D 365D SI

Performance

Inception June 01, 2010
as of February 21, 2012 Manager Nasdaq 100 S&P 500 Average Subscriber
Past 30 days -0.9% 6.3% 3.6% -
Past 90 days 9.8% 19.6% 17.3% -
Past 365 days 20.4% 8.3% 1.4% -
Since Inception (Annualized) 0.1% 22.1% 15.0% -
2012 (YTD) 15.2% 13.7% 8.3% -
2011 26.1% 2.7% -0.0% -

Risk Metrics

Last 365 Days
as of February 21, 2012 Manager Nasdaq 100 S&P 500
Best 30 days 27.9% 13.3% 13.6%
Worst 30 days -30.8% -16.1% -16.7%
Volatility 46.4% 23.7% 23.3%
Sharpe Ratio 0.44 0.34 0.05
Sortino Ratio 0.69 0.47 0.07
Maximum Drawdown -32.8% -16.1% -19.4%
Value-at-risk (95%, 1 week) -10.8% -5.5% -5.4%
vs. Nasdaq 100 vs. S&P 500
Information Ratio 0.36 0.55
Alpha 14.3% 23.4%
Beta 1.38 1.41
R-Squared 0.50 0.50

Latest transactions view all

Average trades per month 0.6
Executed Symbol Security Replicable Type Price
01/27/12 GLW Corning Inc Yes Buy $12.66
01/27/12 GLW Corning Inc Yes Buy $12.66
01/27/12 NOK NOKIA CORP-SPON ADR Yes Sell $5.08
12/02/11 NOK NOKIA CORP-SPON ADR Yes Buy $5.62
12/02/11 ERTS ELECTRONIC ARTS INC Yes Sell $23.00
11/16/10 NED Noah Education Holdings Ltd Yes Buy to cover $1.96
11/16/10 NED Noah Education Holdings Ltd Yes Buy to cover $1.94
11/16/10 ERTS ELECTRONIC ARTS INC Yes Buy $15.47
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  • $25,000.00 subscription min
  • Margin account required
  • 1.1% fee

Important Information

1. Past performance is no guarantee of future results.

2. Performance of the model manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More

3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying model. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More

4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by Covestor, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.

5. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash, dividends and earnings distributions, or transaction costs. More

6. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.

7. All Model Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Model Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Model classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.

8. Top Replicable Holdings: These securities are currently held in the model manager's brokerage account. Those marked as "Replicable Holdings" currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.

9. Latest Transactions: These transactions were executed in the model manager's brokerage account. Those marked as "Replicable" () passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.

10. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P 500 Copyright © 2012.

11. Dow Jones index data: CME Group Index Services, LLC 2012


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